BIRMINGHAM, Ala., Dec. 1 /PRNewswire-FirstCall/ -- Colonial Properties
Trust (NYSE: CLP), announced that its Board of Trustees declared fourth
quarter 2003 dividends for the Company's preferred shares.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030709/CLPLOGO-c )
The Series C Cumulative Redeemable Preferred Shares dividend of $0.5781
per preferred share will be paid on December 31, 2003 to shareholders of
record on December 15, 2003, representing an ex-dividend date of December 11,
2003. The dividend on the Company's 9.25% Series C Preferred Shares represents
an annualized dividend of $2.3125 per share.
The Series D Depositary Shares, each representing 1/10 of a Share of
Series D Cumulative Redeemable Preferred Shares, dividend of $0.5078 per
preferred depositary share will be paid on January 30, 2004 to shareholders of
record on January 15, 2004, representing an ex-dividend date of January 13,
2004. The dividend on the Company's 8.125% Series D Preferred Shares
represents an annualized dividend of $2.03125 per share.
Colonial Properties Trust is a diversified REIT that, through its
subsidiaries, owns a portfolio of multifamily, office and retail properties
where you live, work and shop in Alabama, Florida, Georgia, Mississippi, North
Carolina, South Carolina, Tennessee, Texas and Virginia. Colonial Properties
Trust performs development, acquisition, management, leasing and brokerage
services for its portfolio and properties owned by third parties. Colonial
Properties Trust is a diversified REIT, which has a total market
capitalization of $2.8 billion. The cornerstone of Colonial Properties'
success is its live, work and shop diversified investment strategy. The
Company manages or leases 19,500 apartment units, 6.5 million square feet of
office space and 15.6 million square feet of retail shopping space. In 2003,
the National Association of Industrial and Office Properties (NAIOP) named
Colonial Properties Trust "National Developer of the Year." Additional
information on Colonial Properties Trust is available on the Internet
at http://www.colonialprop.com . The Company, headquartered in Birmingham, Ala., is
listed on the New York Stock Exchange under the symbol "CLP" and is included
in the S&P SmallCap 600 Index.
SOURCE Colonial Properties Trust
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Related links:
http://www.colonialprop.com
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CONTACT:
Sandra Lee Robertson, Senior Vice President -
Finance of Colonial Properties Trust, +1-205-250-8788
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